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I've seen too many people in the market who come in with a few thousand bucks hoping to turn their lives around, only to end up becoming someone else’s cash machine. I started out grinding with just 3,000 myself, and looking back now, if I’d understood these things from the start, I could have saved a lot on tuition.
Before you enter, understand the rules of the game. How does blockchain work? What are the pitfalls of exchanges? What's the logic behind each token? Rushing in without knowing these is no different from driving blindfolded. Read every article, watch every video, dig through every forum—rely on luck to make money, and sooner or later you’ll lose it all with your own skills.
Don’t try to play every game. Spot or futures? Long-term or short-term? Only what suits you is truly useful. Chasing others who make money with futures will just get you liquidated like the rest.
Ask yourself three questions before you start: How much do I want to make? How am I going to make it? What will I do if I lose? If you haven’t figured these out and you’re already opening trades, that’s gambling, not trading. Luck might let you win once, but only strategy will keep you alive for the long run.
Don’t count on getting rich overnight. Crypto is volatile, but those who really make money know: short-term price swings are just noise, bull and bear cycles are the real pattern. Only those who can hold on are qualified to reap big profits.
Most importantly—never go all in on a single coin. The thrill of going all in lasts three seconds, but the pain of going to zero can stay with you for life. Diversification isn’t cowardice—it’s survival.
A few practical tips:
Mainstream coins are better for long-term holds—hard currencies like Bitcoin and Ethereum are what let you sleep at night. Altcoins can be played for short-term gains, but don’t fall in love with them.
① Don’t rush to sell during high-level consolidation; there’s often another high. Don’t rush to buy the dip during low-level consolidation; it might keep dropping.
② When prices are moving sideways, resist the urge to trade—99% of people can’t do this.
③ Consider buying when a candle closes red, and selling when it closes green. Following the candlesticks will keep you safe.
④ If it drops slowly, the rebound will be weak; if it drops sharply, the rebound will be strong.
⑤ Add to your position pyramid-style; entering in batches is much safer than going all in at once.
⑥ After a big move up or down, prices will consolidate. Don’t go all in at the top, don’t go all in at the bottom. Sideways always leads to a breakout—if it breaks down, cut your losses without hesitation.
These rules look simple, but actually following them is extremely hard. That’s just how the market is—the ones who survive are always the disciplined ones.